CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

FSB Publishes Work Programme for the Year Ahead

By Manesh Samtani | 25/01/2025

The work programme highlights digitalisation, climate change, and the shifting macroeconomic environment as key priorities

Crypto / Digital Assets

Taiwan to Consult on New Crypto Law in February

By Mark Johnston | 24/01/2025

The FSC will hold an industry public hearing in February and the draft legislation will be presented to the government’s executive branch by June.

Crypto / Digital Assets

US Authorities Secure Settlement With Crypto Market Maker

By Nithya Subramanian | 24/01/2025

CLS Global admitted to providing market-making services for NexFundAI, a token created by the FBI to help it uncover crime

Crypto / Digital Assets

BoCom Become First Chinese Bank to Issue Digitally Native Bond

By Mark Johnston | 23/01/2025

Bank of Communications issued the $300mn bond via its Hong Kong branch using the HSBC Orion digital asset platform.

Enforcement

Another US Court Rules Tornado Cash Sanctions Were Unlawful

By Editors | 23/01/2025

Court ruled that Tornado Cash smart contracts could not be classified as property IEEPA. A similar ruling was issued by a different court in November 2024.

Crypto / Digital Assets

Korean Regulators Refer Crypto Manipulation Case for Prosecution

By Mark Johnston | 23/01/2025

The case is the first processed in accordance with the official investigation procedures set by the new Virtual Asset User Protection Act

Enforcement

US SEC Imposes Penalties on Digital Currency Group and Former CEO

By Mark Johnston | 22/01/2025

DCG and its former CEO will pay a total $38.5mn for misleading investors about the financial health of Genesis Global Capital.

Crypto / Digital Assets

US SEC Launches Task Force to Develop Crypto Regulatory Framework

By Nithya Subramanian | 22/01/2025

The task force will help the SEC draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.

Crypto / Digital Assets

NYDFS Issues Alerts on Proliferation of Meme Coins

By Nithya Subramanian | 22/01/2025

The NYDFS said that meme coins are not subject to rigorous regulatory standards and that their creators are often involved in “pump-and-dump schemes”.